Companies

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Companies and development

Actors of development
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AFD is a partner and / or member of a number of networks gathering companies, experts and donors to work on the role played by the private sector in the development of Southern countries.

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Partnerships

News

Long-term support to Madagascar’s largest microfinance network

23/05/2011

On 6 May 2011 in Antananarivo, AFD signed three agreements with the Union Interrégionale des Caisses d’Epargne et de Crédit Agricole Mutuelles (UNICECAM) for an amount totaling over MGA5.8 billion (roughly EUR2.05 million).

This support is in the form of a MGA4.7 billion (EUR1.65 million) long-term subsidized loan (“soft loan”). It is earmarked to finance loans for housing, equipment and medium-term leasing. Two grants will finance the computerization process for the CECAM Network and the implementation of anti-money laundering and counter-terrorism financing procedures in the Network.

Madagascar’s largest microfinance network

The CECAM Network is the largest microfinance Network in Madagascar. It is established in 9 regions and has roughly 125,000 members to which it provides financial services (savings and credit) and non-financial services (education and training).

UNICECAM or Union Interrégionale des CECAM is the Network’s technical and financial assistance entity. It defines the general orientations of the CECAM Network, its financial, technical and administrative management, as well as training for its elected members.

CECAM’s aim for the coming years is to continue to provide local financial and non-financial services tailored to the needs of its members and, at the same time, improve its financial and social performance.

 
 
Olivier PEZET, AFD’s Director and Serge RAJAONARISON, CEO of UNICECAM
 
 

Agence Française de Développement, a public financial institution, works to combat poverty, support economic growth and help promote global public goods in developing countries, emerging countries and in the French Overseas Communities. It supports the development of microfinance in Madagascar through a wide range of operations to directly assist institutions – grants and soft loans – or by allocating loan guarantees. It also contributes to capacity building for the institutions it supports and to their institutionalization and financial empowerment. Since 2001, AFD has provided over EUR11 million (MGA32 billion) of soft loans or grants for microfinance in Madagascar. In addition, AFD has allocated several ARIZ guarantees for loans granted to microfinance institutions by local banks. In 2010, the total amount of active guarantees stood at roughly EUR6.2 million (MGA17.8 billion). 

AFD Annual Report 2010 published

12/05/2011

Dov Zerah, Chief Executive Officer of Agence Française de Développement, presented AFD’s 2010 results today. With €6.8 billion of commitment approvals, AFD’s activity continued its upward trend in 2010. AFD has scaled up its presence alongside its partners in developing and emerging countries and has set out to consolidate its economic model.

►Download the Annual Report 2010 in French (PDF)

 

2010: a new year of growth to support development

With €832 million of budget resources allocated by the State, AFD provided €6.8 billion of project financing in 2010, i.e. an 11% rise on 2009. Its activity accounted for 28% of France’s official development assistance. AFD also paid back €104 million of dividends to the State.

Africa remains the priority with €2.1 billion of financing in 2010.

Two-thirds of the financing break down between infrastructure, urban development, productive sectors and agriculture.

 

In 2010, AFD’s financing will contribute to:

  • Improving drinking water supply systems for 33 million people
  • Getting 13.4 million children into primary school
  • Upgrading or building transport hubs that will be used by 85.8 million passengers a year
  • Supporting energy efficiency by saving 5 million tons of CO2 a year
  • Providing access to electrification for 3 million people
  • Allocating microfinance loans that will benefit just over 700 000 people
  • Supporting agricultural or irrigation projects that will benefit 1.4 million people

 

2011: consolidation of economic model

Dov ZERAH, Chief Executive Officer of AFD: “AFD has experienced a veritable revolution over the past few years. It has become a key player in development with an activity that has tripled in five years. Today, a new phase is beginning with the consolidation of our model.”

In the coming years, AFD will be focusing its activity on three priority areas:

  • Sub-Saharan Africa:  60% of resources allocated to AFD by the State will be earmarked for this region, particularly for the sectors of agriculture and agro-industries, infrastructure, education and health.
  • The Mediterranean: AFD will be supporting the recent developments in the region by scaling up its operations in Mediterranean Basin countries, particularly in the productive and vocational training sectors.
  • Emerging countries: AFD will be supporting these countries via loans with a low level of concessionality in order to encourage them to set out on a growth path that respects the environment more and is more inclusive.

Consolidating the model requires stabilizing AFD’s level of activity, which is expected to reach €8 billion by 2013. AFD set up a Risk Department in 2011 in order to improve risk management. It has also reinforced its human capital with 125 recruitments in 2010.

Dov ZERAH: “Beyond financing, it is our expertise that our partners are seeking. AFD will also be continuing to actively provide input to international debates through its knowledge production. We will, at the same time, be forging an increasing number of partnerships with other development players such as NGOs, local authorities, private foundations, or again multilateral banks. They help increase the outreach and effectiveness of our actions. In a globalized world, the only winning strategies are cooperation strategies.”

In 2011, AFD will be celebrating the 70th anniversary of its creation in 1941 by General de Gaulle. AFD will be marking the occasion by organizing events to meet the French public in order to raise their awareness of North-South issues and allow them to learn more about development results. A travelling open-air exhibition called “Objectif Développement”, designed in partnership with Magnum Photos, will be launched in Bordeaux on 21 May 2011. It will be travelling to all the major cities in France throughout the year.

 
Agence Française de Développement (AFD) is a public development finance institution that has been working to fight poverty and support economic growth in developing countries and the French Overseas Communities for 70 years. It implements the development policy defined by the French Government.
With agencies in over 50 countries, AFD finances and supports projects that improve people’s living conditions, promote economic growth and protect the planet: getting children into school, support for farmers and small businesses, water supply, tropical forest preservation, fight against climate change…

28/03/2011

Partenership with Permanent Conference of African and French-Speaking Consular Chambers (CPCCAF)

28/06/2010
Jean-Michel Severino, Chief Executive Officer of Agence Française de Développement, and Omar Derraji, President of the Permanent Conference of African and French-Speaking Consular Chambers (CPCCAF), signed a €200 000 agreement on 9 April 2010 to finance the Universities of Consular Cooperation to be held from 29 June to 7 July at the HEC business school in Jouy-en-Josas, France.

 
 
AFD wished to support the CPCCAF project in order to allow 120 executives from African consular chambers in 24 countries to attend a capacity building program for executives based on 13 seminars, and 30 presidents of consular institutions and their management teams to attend an HEC seminar devoted to the strategic management of intermediary organizations.
 
This agreement seals a partnership initiated between the French Ministry of Foreign Affairs, AFD and CPCCAF which aims to implement actions to support the structuring and development of Africa’s private sector via consular chambers.
 
This project will also benefit from financial support from the Center for the Development of Enterprise in Brussels.
 
 
About AFD
 
AFD stands for the Agence Française de Développement. AFD is a public development-finance institution that has worked to fight poverty and support economic growth in developing countries and the French Overseas Communities for more than 60 years. AFD executes the French government’s development aid policies. 
With offices in more than 50 countries, AFD finances and supports projects that improve people’s living conditions, promote economic growth and protect the planet. AFD-funded projects provide schooling for children, support farmers and small businesses, supply drinking water, preserve tropical forests and fight climate change, among other things.
AFD committed nearly €6.2 billion to financing aid activities in developing countries and the French Overseas Communities in 2009. The funds should permit the vaccination of 1,8 million children, give 7.3 million people access to drinking water and create or save jobs for 900,000 workers engaged in private enterprise; funding for energy efficiency projects will save nearly 5 million tons of carbon dioxide emissions per year
.
 
About CPCCAF
 
The Permanent Conference of African and French-Speaking Consular Chambers (CPCCAF) was set up in 1973 at the initiative of Presidents Pompidou, Houphouët-Boigny and Senghor. This cooperation network helps consular chambers support the development and structuring of Africa’s private sector.
This unique network now gathers some 100 intermediary organizations from 27 French-speaking countries, including 24 African countries, and works in the trade, industry, service, craft and agriculture sectors.
CPCCAF and its member consular chambers aim to promote and be a key player in this new approach to development which aims to boost business activity in Africa, catalyze private investment and foster wealth creation at the local level.
In a context marked by globalization, Africa’s economic fabric, which is mainly made up of very small enterprises (VSEs) and small and medium-sized enterprises (SMEs), is particularly vulnerable despite existing mechanisms.
In addition, at a time when economies are being liberalized, in order to help African businesses be active in new areas that are being opened up (ECOWAS, WAEMU, CEMAC, COMESA), the consular chambers’ aim is to be fully recognized for their key role as a mediator between the public and private sectors and as autonomous entities that can organize access to financial and non-financial support for African businesses .
 
   
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